Bilibili (NASDAQ:BILI) Upgraded at Daiwa America

Daiwa America upgraded shares of Bilibili (NASDAQ:BILI) from a hold rating to a strong-buy rating in a report issued on Friday morning,Zacks.com reports.

A number of other equities research analysts have also weighed in on BILI. Bank of America lifted their price objective on Bilibili from $19.00 to $22.50 and gave the company a “buy” rating in a report on Friday, October 25th. Nomura Securities upgraded Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 22nd. Barclays raised Bilibili from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $19.00 in a report on Friday, August 23rd. Sanford C. Bernstein raised their target price on Bilibili from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Daiwa Capital Markets upgraded shares of Bilibili from a “neutral” rating to a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bilibili presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.51.

Bilibili Stock Up 0.7 %

BILI opened at $22.75 on Friday. Bilibili has a 52 week low of $8.80 and a 52 week high of $31.77. The business has a 50 day moving average price of $20.08 and a two-hundred day moving average price of $16.78. The company has a market cap of $9.43 billion, a PE ratio of -16.98 and a beta of 0.86.

Bilibili (NASDAQ:BILI) last released its quarterly earnings results on Thursday, August 22nd. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.55). Bilibili had a negative return on equity of 22.44% and a negative net margin of 16.71%. The company had revenue of $6.13 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter last year, the company earned ($0.43) EPS. Bilibili’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, sell-side analysts expect that Bilibili will post -0.32 EPS for the current fiscal year.

Institutional Trading of Bilibili

Several large investors have recently modified their holdings of BILI. Blue Trust Inc. increased its position in Bilibili by 227.3% during the 3rd quarter. Blue Trust Inc. now owns 1,283 shares of the company’s stock worth $30,000 after purchasing an additional 891 shares in the last quarter. CWM LLC increased its stake in Bilibili by 61.9% in the second quarter. CWM LLC now owns 2,232 shares of the company’s stock valued at $34,000 after purchasing an additional 853 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Bilibili in the 3rd quarter worth about $63,000. Assetmark Inc. purchased a new stake in Bilibili in the 3rd quarter valued at about $159,000. Finally, Signaturefd LLC increased its stake in shares of Bilibili by 6.5% during the 3rd quarter. Signaturefd LLC now owns 9,731 shares of the company’s stock valued at $228,000 after acquiring an additional 598 shares during the last quarter. 16.08% of the stock is currently owned by institutional investors and hedge funds.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.